You should be writing Rock Phosphate at Moroccan grades (lower than Wonarah grades) is at $155 up from $140 last month and up from $100 this time last year.
Higher prices means increased likelihood of funding for new RP mine and DAP plant for MAK. This is only the beginning of the RP price rises. They should reach $200 eventually at the $600 price of DAP currently.
fertilizer is a 'no brainer', page-8
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